The Business Analyst will ensure that right products appear in the right stores (and on our website) at the appropriate time, in the correct quantities and are being sold at the right price.
This will involve working closely with the buying and marketing teams to accurately forecast trends, plan stock levels and monitor performance.
He/She will assist in setting prices to maximize profits and manage the performance of ranges, planning promotions and markdowns as necessary.
He/She will also oversee delivery and distribution of stock and deal with suppliers.Responsibilities
Planning product ranges and preparing sales and stock plans in conjunction with the buyer and other managers
Forecasting profits and sales, and optimising the sales volume and profitability of designated product areas
Planning budgets and presenting sales forecasts and figures for new ranges. Making financial presentations to senior managers
Controlling stock levels based on forecasts for each season
Maintaining a comprehensive library of appropriate data. Using specialist computer POS software to handle sales statistics, produce sales projections and present spreadsheets and graphs
Analysing every aspect of bestsellers (e.g. the bestselling price points, colours or styles) and ensuring that they reach their full potential
Monitoring slow sellers and taking action to reduce prices or set promotions as necessary
Gathering information on customers’ reactions to products. Obtaining, analyzing, interpreting, and disseminating key information that identifies road blocks in satisfying customer expectations
Developing a thorough understanding of the market and competitive environment, forecasting and consulting for the broader retail team
Liaising with the buyer, warehouse assistant and suppliers
Working closely with store managers to decide how goods should be displayed to maximise sales and producing layout plans for stores
Analysing the previous season’s sales and reporting on the current season’s lines
Meeting with suppliers and managing the distribution of stock, by negotiating cost prices, ordering stock, agreeing timescales and delivery dates and completing the necessary paperwork
Identifying production and supply difficulties and dealing with any problems or delays as they arise
Organizing and analyzing data from available data sources to support retail reporting, projects and initiatives
Creating analysis, recommendations and presentations to support retail initiatives and projects
Developing standard templates
Managing, training and supervising junior staffBehavioral Competence
Positive attitude
Good interpersonal skills
Fidelity
Takes initiative
Integrity
DependableAbout you
Degree in business, economics, mathematics, statistics, operational research, supply chain management or retail management.
Minimum 3 years retail management/merchandising experience in a retail store, with specific experience analyzing data on specialized POS systems.
